XRP is currently moving within a sideways channel, awaiting a clear breakout direction. The key support lies at 89 THB, which coincides with the previous swing low and the 100-day EMA. A breakdown below this level would shift the trend into bearish territory.
Trading Strategy:
Fundamental Outlook:
XRP continues to benefit from speculation around potential ETF approvals and the ongoing SEC case. A favorable resolution could act as a major catalyst, supporting a stronger upside move.
Trading Strategy:
- Consider accumulating near the support zone at 89 THB.
- Place a stop-loss if the price falls below 89 THB to prevent further downside risk.
- If XRP holds this support, the first resistance target is 108 THB.
- A confirmed breakout above 108 THB would mark a bullish reversal, opening the way for a retest of the previous highs.
Fundamental Outlook:
XRP continues to benefit from speculation around potential ETF approvals and the ongoing SEC case. A favorable resolution could act as a major catalyst, supporting a stronger upside move.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.